On 15 April 2026, LifeStar Insurance plc published its Annual Report and Financial Statements for the financial year ended 31 December 2025.
The insurance service result increased marginally to €2.11 million (2024: €2.08 million). Meanwhile, the net insurance financial result decreased to €0.92 million (2024: €1.22 million). Furthermore, commission and fees receivable amounted to €2.11 million compared to €1.76 million in the previous year.
The financial performance was adversely impacted by higher administrative expenses totalling €7.48 million compared to €6.98 million in 2024.
After accounting for other income of €0.80 million and minimal finance costs, LifeStar Insurance registered a pre-tax loss of €1.63 million (2024: pre-tax loss of €0.93 million) and a net loss of €1.16 million (2024: net loss of €0.63 million).
The Statement of Financial Position shows that total assets grew by 4.3% (or €6.8 million) to €163 million, principally consisting of financial investments totalling €115 million and investment property of €12.9 million. Total liabilities rose by 5.7% (or €7.5 million) to €139 million, driven by higher investment contract liabilities and the introduction of a financial reinsurance liability. Total equity fell by 2.9% (or €0.7 million) to €23.6 million, which translates into a net asset value per share of €0.365 (31 December 2024: €0.376).